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21 June 2021

How Scallop Intends to Take on The Global Banking Industry

How Scallop Intends to Take on The Global Banking Industry


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How Scallop Intends to Take on The Global Banking Industry.

Scallop has global plans to take on the global banking industry, with their recently announced roadmap detailing product launch in the EU and UK in September and expansion into Asia in Q1 2022.

Scallop is FCA registered and provides a platform where users can quickly and securely manage crypto and fiat assets in a single place.

The platform has various tools such as Scallop Pay and Scallop Cards which seamlessly integrate crypto and DeFi assets with real-world applications.

For instance, for the first time ever, users can use a Scallop Card to purchase any goods or services directly with their crypto assets without having to sell first to fiat and then send it back to their bank to use.

With ‘Scallop Earn’ users can access DeFi protocols such as Compound, Aave and dYdX directly from the app and earn high yields of (6-15%) on their assets, with multiple APYs to choose from.

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